Guideline Value for Subramaniyapuram

Subramaniyapuram guideline value

The current guideline value of Subramaniyapuram, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III Type - I land classification.

How the guideline value of Subramaniyapuram has changed

The guideline value for Subramaniyapuram has seen several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in the 2012 revision, marking a 100% increase. However, in the 2017 revision, the value was adjusted down to Rs 268 per sq.ft, reflecting a decrease of 33%. The value then rose significantly to Rs 400 per sq.ft in both the 2023 and 2024 revisions, with no change between these two years.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 100%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing Subramaniyapuram's 2024 figure below this median.

• Subasri Nagar: Rs 1,200 per sq.ft (2024)
• Sundaram Garden: Rs 1,642 per sq.ft (2024)
• Survey Number 3.4,6 All Subdivision: Rs 701 per sq.ft (2024)
• Susee Avenue: Rs 1,000 per sq.ft (2024)
• Sri Vasudeva Nagar: Rs 1,000 per sq.ft (2024)
• Sri Vaisnavi Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniyapuram

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Subramaniyapuram?

The Sub Registrar Office that covers Subramaniyapuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Karanaipuducheri

The guideline value is a crucial factor in the registration process of property transactions in Karanaipuducheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Subramaniyapuram?

The current guideline value of Subramaniyapuram is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent being Rs 400 per sq.ft in both 2023 and 2024. The value was Rs 268 per sq.ft in 2017, Rs 400 in 2012, and Rs 200 in 2007.

What is the land classification for Subramaniyapuram?

Subramaniyapuram falls under Residential Class III Type - I land classification.

What is the stamp duty rate for property in Subramaniyapuram?

The stamp duty rate for property transactions is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.